Marginal Costing Perspicacious

Quiz
•
Special Education
•
University
•
Hard

A Yasodha
Used 41+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total variable cost change _________________________with change in output
Consistently
Constantly
Proportionately
Un proportionately
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed cost + profit =
Semi - variable cost
Margin of safety
Contribution
Standard profit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in variable costs results in
An increase in P/V Ratio
Reduces contribution
Increase in Profit
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When fixed cost is Rs.20,000 and P/V Ratio is 40%, the breakeven point will be
75,000
40,000
20,000
50,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marginal cost is also known as
Absorption cost
Standard cost
Variable cost
None of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Margin of Safety is the difference between the
Planned sales and the planned profit
Actual sales and Break even sales
Planned sales and the break even sales
None of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Contribution margin is also known as
Marginal income
Gross Profit
Net Profit
All of the above
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